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NY Title Industry News and Updates – March 2021

Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients.
Some of the topics covered in this newsletter include:

  • Adverse Possession 
  • Contracts of Sale/“Broom-Clean”
  • Contracts of Sale/Landmark Property
  • Contracts of Sale/Specific Performance
  • Election of Remedies/One Action Rule
  • Homeowner’s Association/Common Charge Lien/Priority
  • Judgments/Tenants by the Entirety
  • Judgments/Docketing – Incorrect Amount
  • Lien Law/Necessary Parties
  • Mortgage Foreclosures/Lost Notes
  • Mortgage Foreclosures/Necessary Parties
  • Mortgage Foreclosures/Notices – RPAPL Section 1303
  • Mortgage Foreclosures/Notice of Sale
  • Mortgage Foreclosures/Notices – RPAPL Section 1304
  • Mortgage Foreclosures/Standing
  • Mortgage Foreclosures/Statute of Limitations
  • Mortgage Recording Tax/“Mezzanine” Loans
  • New York City/Development Rights
  • New York City/Environmental Control Board (“ECB”) Judgments
  • Options to Purchase/Leases
  • Pandemic/Leases
  • Powers of Attorney
  • Recording Act/Bona Fide Encumbrancers
  • Recording Charges/Tax Map Verification Fee
  • Tenants by the Entirety/“Divisible Divorce” Doctrine
  • Transfer Tax/New Paltz
  • Uniform Commercial Code/Mezzanine Loans

To view the newsletter, click here. As always, if you have any questions about Title Insurance or if there is anything else we can do to assist you, please contact us at (212) 239-8789.